Dublin, Nov. 29, 2023 (GLOBE NEWSWIRE) -- The "Greeting Cards - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Greeting Cards Market to Reach $12.2 Billion by 2030
The global market for Greeting Cards estimated at US$15.9 Billion in the year 2022, is projected to reach a revised size of US$12.2 Billion by 2030, growing at a CAGR of -3.2% over the analysis period 2022-2030.
The report also offers a historical review of sales from 2014 to 2021 and a 16-year perspective with a focus on 2014, 2023, and 2030, highlighting the percentage breakdown of sales values. The analysis segments the market by various occasions, including birthday, Christmas/New Year, Valentine's Day, anniversary, and other occasions.
The report provides insights into the market presence of greeting cards, key competitors, trends in the industry, and distribution channels. The report discusses the impact of digitization, customization, and eco-friendliness on the market and explores niche markets like religious and inspirational cards. Competition and market dynamics are also analyzed, including consolidation efforts to reduce operating costs.
Birthday, one of the segments analyzed in the report, is projected to record -1.8% CAGR and reach US$4.3 Billion by the end of the analysis period. Growth in the Christmas/New Year segment is estimated at -5.2% CAGR for the next 8-year period.
The U.S. Market is Estimated at $5.1 Billion, While China is Forecast to Grow at 1.3% CAGR
This extensive analysis covers the global greeting cards market, providing annual sales data in US$ thousand for the years 2014 through 2030. It includes a breakdown by geographic region, encompassing the USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
The Greeting Cards market in the U.S. is estimated at US$5.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.6 Billion by the year 2030 trailing a CAGR of 1.3% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at -5.2% and -5.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately -7% CAGR.
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and trademarked research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
MARKET OVERVIEW
- E-Cards in Vogue, Thanks to the Pandemic
- COVID-19 Pandemic Influences Designs of 2020 Holiday Season's Greeting Cards
- Lockdowns & Restrictions Revive Consumer Interest in Greeting Cards
- Coronavirus Greeting Cards: Enabling People to Share Small Chuckles amid Crisis
- Competition
- Companies Adopt Proactive Strategies to Boost Demand
- Tenacity Essential for Cracking the Greeting Cards Market
- Low Entry Barriers Make Industry Attractive for Newcomers
- Key Factors Determining Market Success
- Market Players Embrace E-Card Business Model
- Consolidation Rife in the Greeting Cards Market
- Greeting Cards - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Greeting Cards: Celebrating Life Moments and Milestone Events despite Challenging Times and the Inevitable Market Decline
- Global Market Prospects & Outlook
- Key Industry Trends
- Developing Economies Present Growth Opportunities
- Greeting Cards: An Introduction
- History of Greeting Cards: A Peek into its Intriguing Origin
- Seasonal & Everyday Cards
- Types of Greeting Cards
- Low Entry Barriers in the Niche Market
- Recent Market Activity
- Select Global Brands
MARKET TRENDS & DRIVERS
- Greetings Card Industry Goes Digital to Stay Afloat
- Rising Popularity of Digital Cards Continues to Negatively Impact Sales of Traditional Greeting Cards
- Increasing Internet Penetration & Growing Smartphone Usage Transforms Digital Greeting Cards Market
- Global Internet Usage: Number of Internet Users (in Billion) and Internet Penetration Rate (in %) for the Years 2015 through 2022
- Breakdown of Internet Users (in %) by Region
- Smartphone Penetration Rate as Share of Total Population: 2016-2021
- Demographic Trends Play Important Role in Market Adoption
- Women: A Major Consumer Segment for Greeting Cards
- Millennials: The Most Lucrative Consumer Cluster and the New Marketing Target
- Global Millennials Population by Region (in %) for 2022E
- Millennial Population as a % of Total Population in Developing Countries: 2022E
- Globalization Trend Generates Market Growth Opportunities
- Advent of Advanced Digital Technologies Fuel Growth for Greeting Cards Market
- Increasing Popularity of Online Platforms Supports Demand for Greeting Cards
- Notable Technology and Design Trends: Towards Reviving Consumer Interest
- Sound Cards
- 'Blank' is the New Design Trend
- Handmade Cards
- Hilarious Greeting Cards
- Interactive Greeting Cards
- Use of Innovative Illustrations & Color Combinations
- A Glance at Other Major Design Trends for Greeting Cards
- Mobile Phone Apps to Create Physical Greeting Cards: A Growing Trend
- Greeting Cards Turn Eco-friendly
- Customized & Personalized Greeting Cards Present Growth Potential
- Luxury Cards Find Favor Among Consumers
- Rising Demand for Cards for the Blind
- New Occasions and New Themes: A Growing Niche
- Sympathy Cards Help Sail Through Difficult Times
- Corporate Greeting Cards: An Ideal Marketing & Advertising Tool
- Workplace Greetings Attain Commonplace Stature
- Cards by Occasions, Celebrations & Holidays: A Review
- Valentine's Day Cards
- Evolutionary Scan of Valentine's Day Cards
- Top Purchases for Valentine's Day: % of Consumers by Purchase Category in the US for 2021E
- Father's Day & Mother's Day: A Tribute to Parenthood
- Halloweens Day: A Spooky Homage to Immortality
- Christmas/New Year: There's Money in Festivities
- Chinese New Year
- Easter, Three Kings Day & Thanksgiving Day: Milking Cash from Religious Events
- Weddings & Anniversaries: Celebrating Milestones
- Birthdays: The World's Best-Loved Reason to Celebrate
- Retail Landscape for Greeting Cards
- Online Emerges as a Lucrative Retail Segment for Greeting Cards
- Increasing Raw Material Costs Add to Manufacturers Woes
FOCUS ON SELECT PLAYERS(Total 294 Featured)
- American Greetings Corporation
- AB Pictura
- Abacus Cards Ltd.
- ALBI Ceska Republika a.s.
- Archies Ltd.
- Avanti Press, Inc.
- Blue Mountain Arts, Inc.
- Budget Greeting Cards Ltd.
- Card Factory
- Child Rights and You
- Crane & Co., Inc.
- Clintons
- CardsDirect, Inc.
- Card Isle
- Baudville Inc.
For more information about this report visit https://www.researchandmarkets.com/r/xcf7yz
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